Charles Schwab Investment Management Inc. increased its position in Ventas, Inc. (NYSE:VTR – Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,222,111 shares of the real estate investment trust’s stock after acquiring an additional 57,618 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.06% of Ventas worth $183,029,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VTR. Belpointe Asset Management LLC acquired a new position in shares of Ventas during the fourth quarter worth approximately $32,000. Hollencrest Capital Management acquired a new position in Ventas during the 4th quarter valued at $34,000. Ahrens Investment Partners LLC acquired a new position in Ventas during the 1st quarter valued at $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in Ventas by 53.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 806 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 282 shares during the period. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Ventas in the 1st quarter worth $35,000. Institutional investors and hedge funds own 93.48% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Royal Bank of Canada cut their price objective on shares of Ventas from $54.00 to $53.00 and set an “outperform” rating for the company in a research report on Wednesday, August 9th. StockNews.com initiated coverage on Ventas in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Bank of America cut Ventas from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $54.00 to $48.00 in a research report on Friday, August 11th. Raymond James upgraded Ventas from an “outperform” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Friday, June 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $45.00 price target on shares of Ventas in a research note on Thursday, July 20th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.08.
Ventas Stock Up 0.8 %
NYSE:VTR opened at $43.92 on Thursday. The stock’s fifty day simple moving average is $46.17 and its 200-day simple moving average is $45.93. The firm has a market capitalization of $17.67 billion, a P/E ratio of 231.17, a P/E/G ratio of 2.05 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.33. Ventas, Inc. has a 12-month low of $35.33 and a 12-month high of $53.15.
Ventas Company Profile
Ventas Inc, an S&P 500 company, operates at the intersection of two large and dynamic industries healthcare and real estate. Fueled by powerful demographic demand from growth in the aging population, Ventas owns or has investments in a highly diversified portfolio of approximately 1,400 properties in the United States, Canada, and the United Kingdom.
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